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compliance with all capital requirements; (d) cause the licensed financial institution or licensed financial holding company to issue additional shares in the amount necessary and carry out the sale of shares by the licensed financial institution or licensed financial holding company and purchase of such shares by new investors.

(3) Any new significant shareholders may acquire interests pursuant to this provision only if the Central Bank is satisfied that they are fit and proper.

Mergers, sales and other restructurings 133. (1) On the basis of the report produced under section 130 and with the approval of the Central Bank, the official administrator may carry out a merger of the licensed financial institution or licensed financial holding company or a transfer, in whole or in part, of the licensed financial institution’s or licensed financial holding company’s assets and liabilities, without obtaining any approval, assignment, or consent with respect to such transfer or assumption. (2) A transfer of the licensed financial institution’s assets and liabilities may include a transfer to a bridge financial institution or an asset management vehicle established by one or more Participating Governments for the purpose of resolving the licensed financial institution.

(3) The transferee may be required to continue operating at the premises of the transferor for a specified period of time, including safe deposit box and safekeeping activities.

(4) The transferee of assets of the licensed financial institution or licensed financial holding company shall have no liability to depositors, creditors, or shareholders of the licensed financial institution or licensed financial holding company except to the extent liabilities are explicitly assumed.

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